Market Commentary: 2020 Market Outlook, Climate Change, Global Politics and its Effects on the Markets.
PODCAST January 28, 2020
Rob Edel, Chief Investment Officer at Nicola Wealth, joins the Wealth Exchange podcast to provide a Market Commentary with host Ethan Astaneh. Together, they will be taking a look back at Q4 2019 and what 2020 has in store for the markets.
They discuss the key themes on the market and what that means for the 2020 markets. This includes the continuing trade war, the 2020 election, future economic and the monetary policy, and some of the current headlines.
[:32] About today’s episode.
[:51] Ethan welcomes back Rob Edel to the podcast.
[:56] Rob brings listeners up to speed on the U.S.-China trade war, explains what has developed over the last quarter, and gives his predictions for the market next year.
[3:18] In Rob’s last commentary, he made reference to the U.S.-China trade war almost being a ‘cold war’-type long arc story in that it’s a competition in many aspects. Is that one of the reasons why Rob feels this trade war is going to be such a long arc story?
[4:25] Rob gives some updates and predictions on the upcoming 2020 U.S. election.
[6:36] Which markets will be most impacted due to the trade war, the 2020 election, the economy, and the monetary policy?
[7:53] Rob explains what is currently giving him confidence in the economy and why he doesn’t see a recession in the future.
[8:37] Rob highlights some notable factors that listeners should be aware of from an economic perspective outside of the U.S.
[10:15] Rob explains what could lead to inflation.
[12:55] Rob and Ethan touch on some events in current headlines, such as heating up in the Middle East and the conflict now with the U.S.’s involvement.
[14:53] Continuing to take a look at current headlines, Rob shares his current thoughts on Brexit.
[15:43] Lastly for current headlines, Rob speaks about climate change and the brush fires of Australia.
[16:52] Ethan thanks Rob for his time today and wraps up this week’s episode.
Mentioned in this Episode:
Rob is the Chief Investment Officer at Nicola Wealth.
Before joining the team at Nicola, Rob spent nine years working for one of Canada’s largest money managers and — most recently — as a Portfolio Manager responsible for managing U.S. equities for the firm’s high net worth clients. Previous to that, he spent seven years working for the Treasury Department of a Major Canadian Chartered Bank, splitting his time between Vancouver and Toronto. Rob has completed his CFA and is a member of the Association for Investment Management and Research (AIMR).
About Your Host — Ethan Astaneh
Ethan is a Financial Advisor in the firm’s Vancouver office. He provides strategic advice to high net worth business owners, professionals, and retirees, and offers his clients a wide range of financial services, including; retirement income planning, business succession, and continuation planning, investment management, tax and estate planning, charitable giving, and intergenerational wealth transfer.
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